“Currently the majority of Russian private banks have to operate in tough business environment — pressure from state banks with cheap funding base became apparent after crisis. As a result we focused on business, generating fees and commissions, and strictly controlled undertaken risks given low interest rates on the market. It is quite natural that Standard & Poor’s’ pointed out the bank’s improvement in risk management and positive trend in asset quality”, — commented Andrey Shalimov, member of the bank’s Management Board and Head of Treasury.